‘Everything Is Getting Hit’: Next Is 2008, 9/11 For Stocks, Oil, Bitcoin | Mike McGlone

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Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence, discusses how the Strait of Hormuz closure is sending shockwaves through global markets, sharing his outlook on crude oil, gold, silver, Bitcoin, and the growing risk of a U.S. recession.

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*This video was recorded on March 20, 2026.

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0:00 – Intro.
1:32 – Hormuz and implications
5:28 – S&P 500 and the market’s ‘rolling over’
7:13 – Oil and recession
14:13 – Powell, oil, fed policy
21:12 – Oil spreads and higher prices
28:54 – Gold and silver
34:00 – Bitcoin

#investing #economy #oil

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